BY KARISSA MILLER
The Iredell County Board of Commissioners unanimously approved a resolution on Tuesday in support of Iredell Health System’s plan to refinance existing debt and fund construction of a new facility in Mooresville through the use of tax-exempt bonds.
The nonprofit health system will seek up to $62 million. The bonds will be issued by the Public Finance Authority of the State of Wisconsin.
The Iredell County government is not responsible for the bonds. A federal tax law requires that the Board of Commissioners vote in support of the bond sale.
Iredell Health System plans to build a new healthcare facility in Mooresville that will include an ambulatory surgery center, a diagnostic imaging center and physician office space.
IN OTHER BUSINESS
Also, during the meeting:
♦ The board postponed a public hearing for a $440,000 economic development incentive for Project Coupling over a five-year period due to the coronavirus pandemic. The incentive is based on the company’s investment of $42.6 million in Iredell County. The board will reconvene on the matter on April 21.
♦ The board approved a request from Emergency Medical Services for approval of a budget amendment to allocate $50,000 in United Way donated funds towards the purchase of a vehicle for the Community Paramedic Program.
♦ Commissioners approved a request from the Finance Department for approval of a budget amendment to accept and appropriate an additional $79,500 in Juvenile Crime Prevention Council Level II funding.
♦ The board approved a request from the Finance Department for approval of FY21 Juvenile Crime Prevention Council Funding Plan.
♦ Commissioners approved a request from the Finance Department for approval of a Declaration of Results of the Bond Referendum held March 3, 2020.
♦ The board agreed to a request from Administration for approval of the Articles of Association and Agreement for the Centralina Workforce Development Consortium.